On a technical side, we had a strong bearish divergence as i said yst now exhaustion seems to be completed, hopefully will have a reversal tomorrow
KSE-100 Index – Bullish Doji Star Near Channel Support
The KSE-100 has pulled back to a critical confluence zone near 114,500–115,000, where the lower channel trendline, horizontal support, and previous demand zones align. Moreover, alignment with the 50% Fibonacci retracement level at 115,544 and the lower bound of the rising channel, along with historical demand in the 114k–115k zone. Today's formation of a bullish doji star signals potential exhaustion in selling pressure and hints at a reversal or bounce setup from this level.
Also notable is the 61.8% Fibonacci level at 114,276, aligning closely with the lower wick of the Doji indicates that buyers stepped in exactly at this golden ratio level. The price action reflects previous reactions from this zone (highlighted in circles), supporting the probability of another bounce.
This area has previously acted as a strong launchpad for upward moves, as shown by multiple successful bounces (circled on chart). If the index holds above 114,000, it keeps the upward channel structure intact, setting the stage for a fresh attempt toward 120,000+
KSE-100 Index – Bullish Doji Star Near Channel Support
The KSE-100 has pulled back to a critical confluence zone near 114,500–115,000, where the lower channel trendline, horizontal support, and previous demand zones align. Moreover, alignment with the 50% Fibonacci retracement level at 115,544 and the lower bound of the rising channel, along with historical demand in the 114k–115k zone. Today's formation of a bullish doji star signals potential exhaustion in selling pressure and hints at a reversal or bounce setup from this level.
Also notable is the 61.8% Fibonacci level at 114,276, aligning closely with the lower wick of the Doji indicates that buyers stepped in exactly at this golden ratio level. The price action reflects previous reactions from this zone (highlighted in circles), supporting the probability of another bounce.
This area has previously acted as a strong launchpad for upward moves, as shown by multiple successful bounces (circled on chart). If the index holds above 114,000, it keeps the upward channel structure intact, setting the stage for a fresh attempt toward 120,000+
Trade active
PSX - Bulls Regain Control: #Rebound Sets Stage for 120K — IA🚀✌Every Pakistani should think like Trump; “There has always been tension between India, Pak; they'll get it figured out” — #Trump
MJ ~ TradeFlow Advisors
KSE100 Review:
Last week, I highlighted exhaustion signs after a strong bearish divergence on the KSE-100. As expected, the market showed stabilization and validated the previous technical outlook. On Friday, the index dipped to a low of 113,716, but strong buying emerged from critical support levels, helping the index rebound and close above 115,469 an important wedge support area. This reaction confirms the significance of previously identified technical zones.
Market #Sentiments Outlook:
Currently, the KSE-100 has pulled back into a key confluence zone between 114,500–115,000, aligning with trendline support, historical demand and Fibonacci retracement levels. The formation of a Bullish Doji Star near this support further strengthens the case for a potential reversal. As long as the index holds above 114,000, the bullish structure remains intact, with a fresh rally attempt toward 120,000+ likely. However, *a decisive breakdown below 114,000 would weaken the bullish momentum
Economic and #Geopolitics Outlook:
Market sentiment is expected to remain cautious due to ongoing geopolitical tensions and national security concerns. While strong corporate earnings and manageable inflation provide some cushion, the uncertainty around Pakistan’s 🇵🇰 diplomatic response to recent India-related hostilities keeps the market headline-driven. Sentiment may swing sharply with any escalation or de-escalation news. In the current scenario, investors are advised to stay defensive, enhance liquidity buffers and stick with resilient, fundamentally solid stocks, while actively monitoring global and regional developments.
🕊 Positive Developments in Pakistan-India Tensions 🇵🇰
✅ Pakistan has offered cooperation for a neutral investigation into the Pahalgam incident.
✅U.S. President Trump encouraged bilateral talks between India and Pakistan.
✅Signs of cautious diplomatic openness, but situation remains fluid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.